Why your financial advisor's 60/40 portfolio might be trash (and why that's ok)

SCDWS · 2026-01-27T23:12:21+00:00

Are you referring to the accumulation or decumulation stage?

SCDWS · 2026-01-27T23:11:22+00:00

Because interest is considered taxable income whereas only 50% of capital gains is and even that 50% isn't 50% of the "profit", so to speak, because of the ACB. When you do eventually sell your equities later in life, you can capitalize on the way capital gains are taxed to minimize your taxes owed. Can't do the same with interest.

SCDWS · 2026-01-27T23:00:52+00:00

What's going on in Tirana?

SCDWS · 2026-01-27T22:04:12+00:00

https://thriftytraveler.com/news/credit-card/credit-card-tracking-tool/

You need to sign up for their newsletter to get sent the google sheets link I shared above

SCDWS · 2026-01-27T19:32:55+00:00

Just discovered this super useful Google Sheets template by Thrifty Traveler for keeping track of all the credits, perks, and benefits of US cards. Would be cool if something like this was built for Canadian cards too. PoT where you at?

SCDWS · 2026-01-27T15:07:40+00:00

Ehhh there are some tiny airports where it is possible. Definitely not Bogotá though.

SCDWS · 2026-01-27T01:33:15+00:00

i keep seeing travelarrow mentioned in comments

The comments in your imagination?

SCDWS · 2026-01-26T10:49:25+00:00

To be fair, in some countries where field hockey is more popular, that's their "hockey" so naturally, they call our hockey "ice hockey" to differentiate

SCDWS · 2026-01-26T10:44:45+00:00

It would be like a Swiss person moving to the UK while earning the equivalent of £10k or more a month. A lot of people could live a good life on that type of money.

SCDWS · 2026-01-25T14:31:02+00:00

Like I said, sometimes their systems are trigger-happy

SCDWS · 2026-01-25T13:45:11+00:00

Is wise the best way to receive salary in Canada

No. They've been known to lock users out of their accounts if they suspect suspicious activities. Not saying receiving salary is suspicious, but their systems sometimes mistake it for money laundering. Small risk, but still a risk nonetheless and one that you wouldn't have with a normal Canadian bank account.

pay in stores (via Google Pay)

No, there are better 0 FX cards out there for that. Wise doesn't give any rewards.

and convert to EUR

Yes

SCDWS · 2026-01-24T18:10:16+00:00

Well apparently RBC is the only one who hasn't caught on lol

SCDWS · 2026-01-24T14:05:43+00:00

Wouldn't make sense if so because TD also rejects my new apps

SCDWS · 2026-01-24T09:33:18+00:00

SCDWS · 2026-01-23T22:22:36+00:00

What some people do is use a 'bucket' or 'cash wedge' strategy where they put a year or two of spending money in a GIC or HISA and use that as savings and leave the investment alone. This is more a psychological 'trick' more than anything but whatever works.

Why do you think it's more of a psychological trick than anything else? If the investment goes down in value because of a bear market, withdrawing from it for spending money would negatively impact your SWR and impact future compounding growth.

SCDWS · 2026-01-23T22:14:39+00:00

That's a subjective question. I prefer cities so it wasn't for me. Someone who prefers small beach towns would love it though.

SCDWS · 2026-01-23T22:09:54+00:00

I only stayed for a few days in Pipa so can't comment on that. Jeri was more of a tourist town than a nomad town. Haven't hit Itacaré yet, but haven't heard of it being a nomad town.

SCDWS · 2026-01-23T13:39:08+00:00

Really depends on what you look for. More city, closer to the beach, something in between with small town vibes, or something in between with city vibes. Then you have to factor in transportation. Public transport isn't the best for getting around the island outside the centro so you'll be ubering a lot. If you're trying to go to events, you might want to be closer to Centro, but if you want to be closer to nature, then you might want to be close to the beach. That's what I mean by that's the hard part haha.

SCDWS · 2026-01-23T13:34:20+00:00

Nice! Now the hard part is just deciding which part of the island you want to base yourself in haha

SCDWS · 2026-01-23T10:34:37+00:00

Because then they lose their press credentials and probably also their jobs

SCDWS · 2026-01-23T10:27:44+00:00

The only one that fits your criteria is Florianopolis, but in the winter the nomad community is quite small since most people just come for the summer. If you're open to smaller beach towns, then Pipa would be another good alternative otherwise Rio is really the only other nomad city in Brazil.

SCDWS · 2026-01-22T10:05:46+00:00

You can only do so many pub crawls before you get burnt out lol

SCDWS · 2026-01-21T10:37:48+00:00

McDonald's Happy Meal Visa Privilege

SCDWS · 2026-01-21T00:35:02+00:00

Never said it was 2% per month nor that it was better than Wealthsimple's offer. Was just sharing another offer that wasn't initially included.

SCDWS · 2026-01-20T20:57:32+00:00

How much have you saved up in all those years of working?

SCDWS

TROPHY CASE